Peer-Led Team Learning (PLTL) is a learning methodology where a peer-leader co-ordinate a small-group of students to collaboratively solve technical problems. PLTL have been adopted for various science, engineering, technology and maths courses in several US universities. This paper proposed and evaluated a speech system for behavioral analysis of PLTL groups. It could help in identifying the best practices for PLTL. The CRSS-PLTL corpus was used for evaluation of developed algorithms. In this paper, we developed a robust speech activity detection (SAD) by fusing the outputs of a DNN-based pitch extractor and an unsupervised SAD based on voicing measures. Robust speaker diarization system consisted of bottleneck features (from stacked autoencoder) and informed HMM-based joint segmentation and clustering system. Behavioral characteristics such as participation, dominance, emphasis, curiosity and engagement were extracted by acoustic analyses of speech segments belonging to all students. We proposed a novel method for detecting question inflection and performed equal error rate analysis on PLTL corpus. In addition, a robust approach for detecting emphasized speech regions was also proposed. Further, we performed exploratory data analysis for understanding the distortion present in CRSS-PLTL corpus as it was collected in naturalistic scenario. The ground-truth Likert scale ratings were used for capturing the team dynamics in terms of student's responses to a variety of evaluation questions. Results suggested the applicability of proposed system for behavioral analysis of small-group conversations such as PLTL, work-place meetings etc.. Keywords- Behavioral Speech Processing, Bottleneck Features, Curiosity, Deep Neural Network, Dominance, Auto-encoder, Emphasis, Engagement, Peer-Led Team Learning, Speaker Diarization, Small-group Conversations